GHG Emissions - August 2, 2021
Bain & Company Release Five-Year Emissions Plan
Bain & Company announced July 29 plans to reduce its Scope 1 and 2 emissions 30% over the next five years.
The consultancy firm is pursuing a target to reach a net-zero climate impact by 2030 and released these new targets in alignment with the Science-Based Targets initiative’s ‘Business Ambition for 1.5°C. The firm is also targeting a 35% drop in Scope 3 emissions from business travel by 35% over the next five years.
Bain & Company first achieved carbon neutral status ten years ago and has eliminated 68% of its Scope 1 and 2 emissions over the past decade by switching to 100% renewable energy, improving the energy efficiency of its offices and reducing waste from its operations.
“We are long past picking low-hanging fruit, and we are following the same advice we give to our clients: setting audacious goals that are realistic and measurable,” Sam Israelit, Bain's chief sustainability officer, said in a statement. “Our firm is hyperfocused on mitigating the impact of our emissions on the environment and accelerating our carbon transition. We continue to lead the way in our own industry while also equipping our clients and nonprofit partners to do the same.”
The firm is also investing in carbon removal projects such as reforestation and green technologies.
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